Bitcoin Fails If Used as a Store of Value? Jack Dorsey Thinks So
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Block Inc. CEO Jack Dorsey sparked controversy by arguing that Bitcoin will fail if only used as a store of value, emphasizing the need for everyday payment utility. While Dorsey believes Bitcoin should be a medium of exchange, other crypto advocates like Ben Kaufman and Dan Held defend its store of value potential, particularly as a hedge against currency devaluation.
April 07, 2025 | 4:30 pm
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NEUTRAL IMPACT
Jack Dorsey's comments suggest Bitcoin needs to evolve beyond store of value to maintain relevance, potentially influencing market perception.
The news directly discusses Bitcoin's fundamental value proposition, which could create short-term market uncertainty about its long-term utility.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100